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    Friday, August 30, 2019

    Business KFC's plant-based 'chicken' sold out in five hours

    Business KFC's plant-based 'chicken' sold out in five hours


    KFC's plant-based 'chicken' sold out in five hours

    Posted: 29 Aug 2019 06:00 AM PDT

    We automated a client’s business and reduced his number of employees on payroll from 5 to 1.

    Posted: 30 Aug 2019 02:19 AM PDT

    Three weeks back we had the opportunity of meeting few offline business owners in a local event. We met one particular business owner who had recently inherited his father's drugs and medical equipment wholesale business. Upon further discussion he disclosed to us that he hated it. The business apparently was heavily dependent on low skilled yet permanent employees and how they needed constant supervision thus there was not a single day that he could take off.

    We were looking for leads and this looked like a perfect opportunity for us to implement automation in an offline/non-internet business where automation is usually not so popular.

    We sat down and he explained us his whole work flow-

    1. His business had a total of 900+ regular clients who were usually store owners and retailers that were spread across the state.
    2. Out of which 400+ placed orders on a daily basis through emails and calls.
    3. When every time someone placed an order, an employee of his would check the inventory software to check live inventory status of the drugs and if it was available or not and then send an order confirmation / cancellation mail to the store owner.
    4. After sending the confirmation they would print the invoice and pass it on to the warehouse where the order was packed and shipped.

    The issues-

    1- He had 5 employees to handle the order requests and even when a single of them remained absent, he used to lose business.

    2- Checking each order and confirming/cancelling them used to take about 30 minutes where a cancellation sometimes used to lead to bad reputation among the store owners.

    Automation solution-

    1. We understood that all of the 5 employees only had one major function is to read emails from store owners and then check the stock status in the software and confirm or cancel the order, this happened because the store was unable to see the livestock status of the wholesaler himself. So we wrote a python script to read and extract all the inventory from the software and update it in live to a google sheet.
    2. Now store owners with whom the google sheet was shared could view the live inventory and order accordingly.
    3. We also wrote a script to download all the order mails, read and save the order list (customer and corresponding date wise) in another sheet. Now all it required was one employee to check the google sheet and prepare the invoice to pass on to the warehouse. Thus reducing the number of employees required to handle the orders to 1.

    We deployed the system and within 5 days he had removed 4 of his employees forever. It costed him $900 to save $1000 every month and to bring efficiency into his business. Here is a wireframe of the system that we deployed for him.

    So does a business always need to be under stress so as to adopt automation? Doesn't have to be. Any business looking for efficiency and lower operating expenses should look into automating the workflow. Often offline and non-internet companies underestimate what automation can do for them like in this case, it brought back freedom to the business owner. If you want to know how your business processes can be automated and want to reduce your OPEX then feel free to reach out to me in DM.

    submitted by /u/SwabhimanBaral
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    6 Convincing Reasons To Use A Business Loan For Business Growth

    Posted: 30 Aug 2019 02:25 AM PDT

    Every business owner's dream: to attain more profit for the survival of the company and long-term business growth. No business can survive longer without adequate profit; in a layman term, profit is direct money in your bank. Profit is the goal; without external funding, this goal can be hard to score. Furthermore, business growth is the expansion of the company and increasing its market value which, ultimately results in the generation of more profit. Growth and profitability are in close partnership, and a growing and profitable business can benefit from a business loan. Usually, business owners apply for a loan when working capital in insufficient or when profit is down, but one can utilize funds from the loan to carry out day-to-day operations and to cover financial gaps.

    With the market getting competitive day by day, growing your business without proper research and external help from a business loan is difficult. So, in order to save a business, you must set aside some research budget and let funds from a business loan help you navigate through a financial crisis. According to the recent survey in 2017, 59% of business owners invested funds from a business loan in business expansion or in a new opportunity. The rest used it to cover remodeling expenses and operating cost.

    The reasons to apply for a Business Loan are never-ending. Have you ever wanted to hire more staff members, so no customer could go unattended? A business loan offers you enough money to take your small or large business to a new level. Using a business loan to its fullest is an art; we have listed some reasons and ways a business owner can use a loan to his/her benefit.

    submitted by /u/merchantadvisors19
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    I was wondering if making a blog could actually ben profitable just like all the moneyguru's on YouTube keep saying? Does anyone have experiences they want to share?

    Posted: 30 Aug 2019 01:50 AM PDT

    How to Grow Your Health Club Business

    Posted: 30 Aug 2019 01:23 AM PDT

    Gay Dating App Blued Said to Plan U.S. IPO at $1 Billion Value

    Posted: 30 Aug 2019 01:12 AM PDT

    Baidu Bumped From China’s Internet Top 5 List by Pinduoduo

    Posted: 30 Aug 2019 01:12 AM PDT

    Corporates and renewables — taking the bull by the horns

    Posted: 30 Aug 2019 01:06 AM PDT

    Country's Growth Slowdown Set To Deepen As Consumers Buckle

    Posted: 30 Aug 2019 01:02 AM PDT

    "I've Never Seen Anything Like This": China Reels As Pork Prices Explode To Record Levels | Zero Hedge

    Posted: 29 Aug 2019 07:04 PM PDT

    Forever 21 Is Said to Prepare Potential Bankruptcy Filing

    Posted: 29 Aug 2019 08:12 AM PDT

    Disney is leading the charge against Netflix by returning to weekly episode releases

    Posted: 29 Aug 2019 04:16 PM PDT

    Uber and Lyft are putting $60 million toward keeping drivers independent contractors

    Posted: 29 Aug 2019 11:35 PM PDT

    Once-Giant GM Is Now Detroit’s Smallest Auto-Making Employer

    Posted: 29 Aug 2019 11:23 PM PDT

    Jio May Control 45% Of Market By 2022

    Posted: 29 Aug 2019 10:59 PM PDT

    Govt Will Meet Companies Between Aug 26 And Sept 5 To Suggest The Best Investment Zones For Their Operations.

    Posted: 29 Aug 2019 10:34 PM PDT

    Teen clothing retailer Forever 21 reportedly preparing to file bankruptcy

    Posted: 29 Aug 2019 10:08 PM PDT

    Dentsu New Creative Urge

    Posted: 29 Aug 2019 09:50 PM PDT

    Atlanta KFC Sells Out Of Vegan Fried Chicken In FIVE HOURS!

    Posted: 29 Aug 2019 09:45 PM PDT

    Could really use some advice on this screw-up

    Posted: 29 Aug 2019 08:16 PM PDT

    I started a small B2B business last year (a SaaS providing niche operations management services), and I'm a one-man show right now.

    It's only me, and I'm on active duty in the military. I've been worried that businesses will be concerned about those two things - who wants to trust their business to a single developer who has a full-time job - so I've been vague about these two aspects.

    I'm looking to advertise in an industry magazine, and spoke on the phone today with the editor. We chatted for a bit, and while I told him that it's just me at the moment, I'm afraid it came across that I'm no longer in the military and I did nothing to dissuade that line of reasoning.

    Now the editor wants to chat again tomorrow for an interview to write an article on the business. I didn't outright lie about anything, but I recognize that I left the wrong impression about my additional employment outside of this business, and it's something that may well come up in the article and something pretty easy to figure out on, say, LinkedIn.

    How should I approach this? I feel like by omitting the information, I've been disingenuous, and I while I don't want an article to outright say that I'm in the military while running this business, I don't want to do any more harm by keeping this from the editor. I just don't know how exactly to broach this. Any advice or ass-chewing is welcome.

    submitted by /u/micasaaz
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    Amazon Is Looking More and More Like a Nation-State; Amazon is levying taxes on French businesses after France approved a tax on the tech giant.

    Posted: 29 Aug 2019 02:08 PM PDT

    A review of 14,756 rides found Uber and Lyft taking a much bigger slice of drivers' fares than they say they do

    Posted: 29 Aug 2019 01:55 PM PDT

    Could you give some recomendations about how could i sell my Handmade jewerly around world?

    Posted: 29 Aug 2019 07:47 PM PDT

    Hi,everyone. Im starting my new handmade jewerly bussines...i would like to sell my product on international market places on the internet and all over the world. Do you know some web sites or any other way i could sell my product around the world?

    Hvae a good day.

    submitted by /u/ramon_1234
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